Another big name prepaid wireless provider has been acquired. Private equity firm GTCR, based out of Chicago, formally announced this morning that it has purchased a majority stake in Consumer Cellular. Light Reading’s Mike Dano was the first to report the transaction in a story published yesterday evening, October 27. Sources told Dano that the […]Chicago Investment Firm GTCR Buys Consumer Cellular For $2.3 Billion — BestMVNO.
I read BestMVNO on a regular basis. There have been a lot of buying of cell phone companies recently. There have been mergers as well. I use TracFone which was its own company, but it’s in the process of being bought by Verizon. Tello, a Sprint MVNO, is now part of the T-Mobile brand as Sprint merged with T-Mobile. Thankfully, in an earlier re-blog, BestMVNO said Tello will give several months warning before requiring me to switch from a CDMA phone to a GSM phone. I believe my TracFone is a CDMA model. I am looking for a decent priced GSM version even if it’s a different cell phone, but not finding one right now. I know the TracFone has a GSM version of my phone.